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EXELON NEW ENGLAND UNION EMPLOYEES PENSION PLAN 401k Plan overview

Plan NameEXELON NEW ENGLAND UNION EMPLOYEES PENSION PLAN
Plan identification number 006

EXELON NEW ENGLAND UNION EMPLOYEES PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

EXELON CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:EXELON CORPORATION
Employer identification number (EIN):232990190
NAIC Classification:221100

Additional information about EXELON CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2722140

More information about EXELON CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EXELON NEW ENGLAND UNION EMPLOYEES PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0062020-01-01JENNIFER FRANCO2021-10-13
0062019-01-01JENNIFER FRANCO2020-10-13
0062018-01-01WILLIAM BERGMAN2019-10-10
0062017-01-01WILLIAM BERGMAN2018-10-12
0062016-01-01WILLIAM BERGMAN2017-10-13
0062015-01-01WILLIAM BERGMAN2016-10-17
0062014-01-01WILLIAM BERGMAN2015-10-15
0062013-01-01WILLIAM BERGMAN2014-10-14
0062012-01-01WILLIAM BERGMAN2013-10-14 WILLIAM BERGMAN2013-10-14
0062011-01-01WILLIAM BERGMAN2012-10-12 WILLIAM BERGMAN2012-10-12
0062010-01-01VICTOR FONSECA2011-10-11 VICTOR FONSECA2011-10-11

Plan Statistics for EXELON NEW ENGLAND UNION EMPLOYEES PENSION PLAN

401k plan membership statisitcs for EXELON NEW ENGLAND UNION EMPLOYEES PENSION PLAN

Measure Date Value
2020: EXELON NEW ENGLAND UNION EMPLOYEES PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-313,007,086
Acturial value of plan assets2020-12-313,007,086
Funding target for retired participants and beneficiaries receiving payment2020-12-31233,057
Number of terminated vested participants2020-12-3136
Fundng target for terminated vested participants2020-12-31860,193
Active participant vested funding target2020-12-311,494,539
Number of active participants2020-12-3117
Total funding liabilities for active participants2020-12-311,518,914
Total participant count2020-12-3157
Total funding target for all participants2020-12-312,612,164
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-31544,212
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31567,722
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-31567,722
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31567,722
Total employer contributions2020-12-31100,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-3196,773
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31183,425
Net shortfall amortization installment of oustanding balance2020-12-31172,800
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31198,789
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-31198,789
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-3196,773
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: EXELON NEW ENGLAND UNION EMPLOYEES PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-312,009,406
Acturial value of plan assets2019-12-312,009,406
Funding target for retired participants and beneficiaries receiving payment2019-12-31119,499
Number of terminated vested participants2019-12-3139
Fundng target for terminated vested participants2019-12-31944,385
Active participant vested funding target2019-12-311,247,955
Number of active participants2019-12-3116
Total funding liabilities for active participants2019-12-311,284,261
Total participant count2019-12-3158
Total funding target for all participants2019-12-312,348,145
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-312,701
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-312,798
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31849,016
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31825,493
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31251,842
Net shortfall amortization installment of oustanding balance2019-12-31338,739
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31320,776
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31320,776
Contributions allocatedtoward minimum required contributions for current year2019-12-31825,493
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: EXELON NEW ENGLAND UNION EMPLOYEES PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-312,154,436
Acturial value of plan assets2018-12-312,154,436
Funding target for retired participants and beneficiaries receiving payment2018-12-3198,355
Number of terminated vested participants2018-12-3143
Fundng target for terminated vested participants2018-12-311,126,924
Active participant vested funding target2018-12-311,156,904
Number of active participants2018-12-3112
Total funding liabilities for active participants2018-12-311,193,226
Total participant count2018-12-3158
Total funding target for all participants2018-12-312,418,505
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3167
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3170
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31361,786
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31351,716
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31299,484
Net shortfall amortization installment of oustanding balance2018-12-31264,069
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31349,015
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31349,015
Contributions allocatedtoward minimum required contributions for current year2018-12-31351,716
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: EXELON NEW ENGLAND UNION EMPLOYEES PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-312,193,033
Acturial value of plan assets2017-12-312,193,033
Funding target for retired participants and beneficiaries receiving payment2017-12-31117,610
Number of terminated vested participants2017-12-3155
Fundng target for terminated vested participants2017-12-311,304,763
Active participant vested funding target2017-12-31986,192
Number of active participants2017-12-3111
Total funding liabilities for active participants2017-12-31994,844
Total participant count2017-12-3168
Total funding target for all participants2017-12-312,417,217
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-313
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-313
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31243,778
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31235,750
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31197,502
Net shortfall amortization installment of oustanding balance2017-12-31224,184
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31235,683
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31235,683
Contributions allocatedtoward minimum required contributions for current year2017-12-31235,750
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: EXELON NEW ENGLAND UNION EMPLOYEES PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-312,473,856
Acturial value of plan assets2016-12-312,473,856
Funding target for retired participants and beneficiaries receiving payment2016-12-3198,214
Number of terminated vested participants2016-12-3152
Fundng target for terminated vested participants2016-12-311,167,800
Active participant vested funding target2016-12-311,311,511
Number of active participants2016-12-3113
Total funding liabilities for active participants2016-12-311,312,838
Total participant count2016-12-3166
Total funding target for all participants2016-12-312,578,852
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-3118
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3119
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31203,319
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31197,072
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31179,594
Net shortfall amortization installment of oustanding balance2016-12-31104,996
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31197,069
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31197,069
Contributions allocatedtoward minimum required contributions for current year2016-12-31197,072
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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